More questions :? Are Magnum Cash Advance and International Cash Advance the same company? I obtained a loan from Magnum but when I looked at an earlier e-mail from them I noticed it said International. This is the only company I haven't sent a letter to and want to be sure. Also, has anyone had good results from them after sending letters. Thanks.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.